Continuum Advisory LLC Buys 2,820 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Continuum Advisory LLC increased its position in Arch Capital Group Ltd. (NASDAQ:ACGL) by 8.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,135 shares of the insurance provider’s stock after buying an additional 2,820 shares during the period. Continuum Advisory LLC’s holdings in Arch Capital Group were worth $4,155,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Quantbot Technologies LP bought a new stake in shares of Arch Capital Group during the third quarter worth about $25,000. UMB Bank n.a. bought a new stake in Arch Capital Group during the 2nd quarter worth approximately $30,000. Rothschild Investment LLC bought a new stake in Arch Capital Group during the 2nd quarter worth approximately $35,000. Compagnie Lombard Odier SCmA purchased a new position in shares of Arch Capital Group during the third quarter valued at approximately $46,000. Finally, Asset Dedication LLC grew its holdings in Arch Capital Group by 188.1% during the third quarter. Asset Dedication LLC now owns 435 shares of the insurance provider’s stock worth $49,000 after buying an additional 284 shares in the last quarter. 89.07% of the stock is owned by institutional investors and hedge funds.

Arch Capital Group Stock Performance

Arch Capital Group stock opened at $97.83 on Monday. Arch Capital Group Ltd. has a 1-year low of $72.85 and a 1-year high of $116.47. The firm has a market cap of $36.81 billion, a P/E ratio of 6.57, a P/E/G ratio of 1.56 and a beta of 0.62. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.17. The firm has a 50-day moving average of $103.95 and a 200-day moving average of $103.37.

Arch Capital Group (NASDAQ:ACGL) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.05. The company had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.05 billion. Arch Capital Group had a return on equity of 18.94% and a net margin of 33.86%. During the same quarter in the prior year, the company earned $2.31 earnings per share. Sell-side analysts expect that Arch Capital Group Ltd. will post 8.99 EPS for the current year.

Arch Capital Group Announces Dividend

The company also recently announced a special dividend, which was paid on Wednesday, December 4th. Stockholders of record on Monday, November 18th were given a $5.00 dividend. The ex-dividend date of this dividend was Monday, November 18th.

Wall Street Analysts Forecast Growth

ACGL has been the topic of several recent analyst reports. TD Cowen raised their price objective on Arch Capital Group from $116.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, September 20th. JMP Securities boosted their price target on shares of Arch Capital Group from $115.00 to $125.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 15th. Wells Fargo & Company reduced their price objective on shares of Arch Capital Group from $118.00 to $109.00 and set an “overweight” rating for the company in a research report on Tuesday, November 19th. Roth Mkm lifted their target price on shares of Arch Capital Group from $110.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Finally, Barclays assumed coverage on Arch Capital Group in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $120.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Arch Capital Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.38.

Arch Capital Group Company Profile

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.